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| Semiconductor companies turns to government for help on shortage |
2/15/2021 |
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The Semiconductor Industry Association — a trade group representing nearly all of the nation’s semiconductor industry, including Intel, IBM and Texas Instruments — says “bold action” is needed to address the challenges facing the sector, and that the U.S.’s leadership in tech is “at risk.” In a letter to the Biden administration.
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| Uber found salvation from its Uber Eat services |
2/12/2021 |
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Uber plans to expand the company’s food-delivery operation as part of an effort to build a more versatile transportation service. Those efforts, which included a $2.65 billion acquisition of Postmates last year, have enabled the food-delivery service to bring in nearly as much revenue Uber's ride-hailing business.
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| Toyota calls for diversity in Electrical Vehicles |
2/12/2021 |
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Toyota said it has a goal of having 40 percent of its new vehicle sales be electrified by 2025 and nearly 70 percent by 2035. It also is developing dedicated underpinnings to be used in future electric vehicles.
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| Shell Oil to reduce refinery capacity |
2/12/2021 |
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Shell said that as the company cuts production of traditional fuels it will reduce the number of refineries it operates to six from 13. The six remaining sites will produce both chemicals and energy, Shell said.
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| Makita U.S.A. acquires land for future development |
2/10/2021 |
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Makita U.S.A., Inc. is continuing its commitment to future growth in the US market with the purchase of 80 acres in Georgia. The land, located northeast of Atlanta in Hall County, is the target for planned future development to address continuing growth in the United States.
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| U.S. senators met to address global chip shortage |
2/9/2021 |
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The senators, from key auto states like Michigan, Ohio, Tennessee, Wisconsin, Illinois, Indiana and South Carolina, in a letter to the White House warned the “shortage threatens our post-pandemic economic recovery.”
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| Softbank manage to make good profit amid pandemic |
2/9/2021 |
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Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank's profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year.
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| 3 robotic explorers to arrive Mars soon |
2/9/2021 |
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The United Arab Emirates’ orbiter reaches Mars on Tuesday, followed less than 24 hours later by China’s orbiter-rover combo. NASA’s rover, the cosmic caboose, will arrive on the scene a week later, on Feb. 18, to collect rocks for return to Earth.
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| U.S. trade deficit rose 17.7% last year to $679 billion |
2/8/2021 |
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As president, Trump sought to narrow the gap by imposing taxes on imported goods on a scale unseen since the trade wars of the 1930s. The deficit narrowed slightly in 2019 but then ballooned last year as coronavirus restrictions hammered U.S. exports of services such as tourism and education. Services exports dropped 20.4% last year.
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| Boeing to oursource IT work and eliminates 600 jobs |
2/8/2021 |
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Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs.
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| Chip shortage cuts Ford F-150 production |
2/8/2021 |
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Starting Monday, Ford will cut two shifts at its Dearborn, Michigan, facility, going down to one shift per day. It is also cutting a shift at its Kansas City, Missouri, plant, going down to two shifts per day.
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| Daimler to be renamed Mercedes-Benz after spin off truck and bus operations |
2/5/2021 |
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CEO Ola Kallenius said the decision was made because the businesses of making luxury cars and heavy trucks and buses “have very different structures.” He said that two companies each focused on their core business would be more flexible and make decisions faster as they cope with technological change.
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